Real estate wisconsin Study guides, Class notes & Summaries

A seller signs a listing contract with a firm. Who is the agent and who is the principal? ______________ - ANSWER-The seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? - ANSWER-The buyer is a customer. What kind of agency is a firm practicing if the firm represents just one party in the transaction? - ANSWER-Single agency When can a firm engage in multiple...

Broker Alex, who has an agreement to list Lisa's house, finds a buyer that is ready, willing and able to purchase Lisa's home. Lisa accepts the buyer's offer, but a week later decides she doesn't really want to move and withdraws her acceptance Alex : - ANSWER-is entitled to collect a commission. If a real estate company has agency agreements with both a seller and a buyer, and the buyer wants to make an offer on the seller's property, is this legal under Wisconsin license law? - ANSWER-...

Wisconsin Real Estate Exam Correct Questions & verified Answers The foundation upon which real estate brokerage is practiced --correct answer--Agency A legal and ethical relationship created between a real estate firm and a party to a transaction; the party may be a buyer, seller, landlord, or tenant --correct answer--Agency Relationship A written agreement between a firm and a client; the client authorizes the firm to provide brokerage services to the client --correct answer--Agency Agreem...

Wisconsin Real Estate Exam Prep Questions and Answers

Real Estate Wisconsin State Exam Questions With Complete Solutions Graded A+...

Wisconsin Real Estate License Exam

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Wisconsin Real Estate Exam Prep (2024) Questions With Complete Solutions!!

Wisconsin Real Estate Exam Prep Exam Questions and Answers 2024.

REAL ESTATE - WISCONSIN EXAM STUDY GUIDE